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Archive for the Profitability Tips Category

Home → Profitability Tips

Need an A/R Makeover? A Quick, 5-Item Best Practice Checklist

On June 27, 2013   /   Accounting, Business Tips, Cost-Savings Tips, Profitability Tips  

Technology has allowed businesses to make substantial improvements in their customer invoicing processes.  The good news is that when you implement these technologies, you will almost always get paid much faster. If it’s been a few years since the last time you’ve changed your accounts receivable processes,

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Five Cash Leaks to Avoid

On June 13, 2013   /   Business Tips, Cost-Savings Tips, Expense Reduction Tips, Profitability Tips  

Cash flow improvement is a hot issue for small businesses; in many businesses, it seems like there is never enough cash when you need it.  The last thing a business owner wants is to reduce their cash balance unnecessarily.  To help you preserve or increase your cash,

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Seven Strategies to Put the Spring into Your Sales

On April 18, 2013   /   Business Development, Business Tips, Management Tips, Profitability Tips  

Spring is here and that’s the perfect time to try something new in your business to make things fresh.  Here are seven ideas to try in your business; pick the one that’s most likely to put the spring in your sales. 1. BOGO “Buy one, get one” or

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Five Ways to Protect your Cash

On March 7, 2013   /   Accounting, Bookkeeping Tips, Business Development, Business Tips, Cost-Savings Tips, Management Tips, Profitability Tips  

As entrepreneurs, we work hard for our money, and the last thing we need is to have it disappear due to fraud, hackers, or identity theft.  Some people have called 2013 the year of the hacker, which is worrisome.  But you’re far more likely to experience risks

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Five Places to Find More Profits

On January 24, 2013   /   Business Tips, Cost-Savings Tips, Expense Reduction Tips, Management Tips, Profitability Tips, Time Management Tips  

It’s always a good idea to be on the lookout for ways to increase your profits, and luckily, there are many ways to do that.  One way is to focus on cost-cutting, and here are five places that are good to periodically review for cost-cutting possibilities. Telephone

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Are You Vulnerable to Fraud?

On October 4, 2012   /   Business Tips, Expense Reduction Tips, Management Tips, Profitability Tips  

According to the Association of Certified Fraud Examiners (ACFE), over $3.5 trillion is projected to be lost to fraud worldwide in 2011 alone.  The typical organization loses 5 percent of its revenues each year.  While we have a lot to think about as entrepreneurs, we do need

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